Investment Properties: 32 Ashcombe Park, London NW2 7QT & 152 Review Road, London NW2 7BD
32 Ashcombe Park, London NW2 7QT & 152 Review Road, London NW2 7BD
OIEO £2,200,000 subject to contract - Freehold
- Ideally located in Neasden, a North West London Suburb approximately 6.8 miles from Central London.
- Both buildings are arranged as 6 self-contained studios and offer additional shared kitchen facilities.
- Both assets are held freehold.
- Both buildings are let to the same housing association with a rental guarantee in place on each individual room.
- The 5 year leases have the following terms remaining:
- Ashcombe Park – 3.9 years, expiring 20-12-2023
- Review Road – 4.1 years, expiring 10-03-2024.
- Total net rent received:
- Ashcombe Park - £73,320 per annum.
- Review Road - £73,944 per annum.
- Total - £147,264 per annum.
- Certificates of Lawfulness exist for the conversion of both buildings to HMO (C4 use) which were granted in 2018.
- We are instructed to seek offers for the portfolio at £2,200,000, subject to contract or on an individual basis as follows:
- Ashcombe Park - £1,100,000 subject to contract.
- Review Road - £1,100,000 subject to contract.